Author: Uma Shankar

A technology geek, avid reader and a passionate writer with more than 8 years of professional writing experience. Also, a Football fanatic who is a strong supporter of the Spanish club Real Madrid and a die-hard fan of Cristiano Ronaldo. Being a music lover as well, enjoys playing Acoustic guitar and is taking classes regularly to improve his guitar skills.

ransomware

The Indian government has issued an alert through Cyber Swachhta Kendra regarding the spread of new ransomware named “Locky” through email attachments. This new  Locky ransomware will be able to lock all your important system files using an encryption algorithm. After locking all your critical files, you will be demanded for a ransom to unlock it. As per the government, a group of hackers have sent more than 23 million emails as part of their campaign to spread this new ransomware. Ajay Kumar, the Electronics and IT Additional Secretary at ICERT (Indian Computer Emergency Response Team) has tweeted as below, “Alert regarding spam…

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Expedia CEO

The board of Uber Technologies Inc. has made a surprise decision to offer the role of its Chief Executive Officer to the current head of Expedia, Dara Khosrowshahi. A spokesperson from Uber has confirmed that this decision was made after long meetings over the weekend. He mentioned that board has voted for Khosrowshahi as the new CEO and will announce this decision to their employees first. The interesting fact is that Khosrowshahi’s name was not even on the public list of contenders for this role. Uber was initially considering two other industry veterans for this role namely Jeffrey R. Immelt…

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ezetap

Ezetap, the Bengaluru based payment solution firm has raised a funding of $16 million from US-based venture capital firm JS Capital Management and several other investors. The total funding received by the firm so far has increased to $51 million after this latest funding round organized by Jonathan Soros owned JS Capital. Cashless Economy India has more than 1 billion mobile users and is currently moving towards a cashless economy. The entire nation went abruptly cashless with the sudden demonetization exercise carried out by the government last November. This led to the growth of e-wallets like PayTM, MobiKwik, PayUMoney, SBI…

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Cryptocurrency Wallets

Cryptocurrencies are gaining a lot of momentum in recent times with Bitcoin prices skyrocketing to more than $4000 per coin as of August 2017. Cryptocurrency is a digital asset which uses encryption and other cryptography techniques to secure the transactions and is used as a medium of exchange instead of the traditional currencies. Bitcoin was the first Cryptocurrency introduced to the market in 2009 by Satoshi Nakamoto and is currently the largest blockchain network. The total Cryptocurrency market is worth more than $126 billion as of today which clearly indicates that many investors have turned their attention towards Cryptocurrencies. There…

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Sony

Japanese Electronics Manufacturer Sony Corp (SNE, SON.L) announced today that they have developed a modern educational platform based on block chain technology in a tie-up with International Business Machines Corp. (IBM).  Sony Global Education, which is a wholly owned subsidiary of the Japanese Conglomerate, has developed this new  IBM blockchain based educational platform.  This innovative digital system will allow students to store and manage educational records using blockchain technology. Cloud-based Platform This new system will ensure that student records cannot be falsified and facilitates reliable disclosure of educational data to authorized 3rd parties. It’s a cloud-based platform that will assist…

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Amazon India has planned to launch its online food retailing business during the festive season of Diwali according to some insider sources. The company also intends to start their own private grocery label in India similar to that of US. Amazon India plans to enter a pricing war with other retailers and online groceries with this new move. The Internet giant is constantly expanding its business into other areas like groceries and online food space for which they recently acquired Whole Foods in a breath-taking deal for $13.7 billion. Amazon India has recently got the approval from the government for…

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Volocopter

While autonomous electric cars have already become popular in the market, autonomous flying taxis are still in their nascent stage. European Automotive Giant Daimler has reportedly invested $30 million (25 million Euros) on the electric flying taxi start-up Volocopter.  The company’s mission is to create personalized air transportation services for people living in urban cities. Reinventing Urban Mobility Volocopter aims to reinvent urban mobility by building the first electric and safe VTOL (Vertical take-off and landing) aircraft in the world.  Commuting has become a serious problem in cities because of the alarming growth of traffic. Volocopter wants to solve the…

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Are you a tech professional looking to relocate and wish to know which city offers the best package along with great work-life balance and job satisfaction? Please read through the below article to find out the top 10 cities offering highest salaries for techies… When it comes to technology jobs, Silicon Valley is always the preferred choice by IT professionals to settle down because of the hefty pay checks offered by technology giants in this region. Thousands of high-tech corporations like Apple, Google, eBay, Cisco Systems and Intel etc. have their headquarters in the Silicon Valley region. But Silicon Valley…

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BYJU's Education

The Chinese Internet giant Tencent holdings Ltd. has invested an undisclosed amount on India’s Online Education start-up BYJU’s.  This Online learning App headed by BYJU Raveendran has been growing rapidly and has raised funds from many new sources in the last few months. The company is expected to be valued at around $750 million after this recent round of fresh funding from the Chinese giant. The company representatives told the media that this latest funding round will boost their capital to make new acquisitions and also accelerate their product development. Tencent has been making multiple investments in India including its…

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Everex

Singapore based blockchain startup Everex has raised a seed fund of $500,000 from Holley Group, the Chinese industrial conglomerate. The Singaporean startup also plans to add some more funding through its token sale which is live now. They have raised around ETH 29,180 so far and the goal is to raise up to ETH 70,000 with the current token sale. Everex has capped the token sale at US$15 million, having already raised US$3 million in a pre-sale earlier this month. The potential investors can buy EVX tokens in exchange for Bitcoin or Ethereum.  The current exchange price is 1 Ethereum is equivalent to 250…

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crowdfunding

Women entrepreneurs usually have a hard time in raising money for their business ventures when compared to men. This gender gap is seen in bank lending and getting other government approvals where often males try to dominate. Women founders are trying to solve such issues by using seed crowdfunding platforms to reach their funding goals. Seed crowdfunding is the use of ‘rewards based’ crowdfunding platforms to fund the creation, launch or development of new businesses, products and services where backers pay upfront for a product, service or project. Based on a recent analysis report released by The Crowdfunding Center and PricewaterhouseCoopers (PWC), it has…

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cyber-crime

With advancement of technology, man has become dependent on Internet for all his day-to-day needs.  From online shopping, online bill payment, online travel booking, online jobs, gaming, online courses etc., we use internet for each and every possible thing. But the internet also has its own security risks as hackers and cyber criminals are always looking for opportunities to exploit innocent users for various malicious purposes. Hence, you should always stay alert and learn how to safeguard yourself online from such cyber threats. Growing Financial Cybercrime in India Financial cybercrime in India has been growing steadily over the last few…

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